{"id":1004754384,"date":"2025-04-15T01:40:57","date_gmt":"2025-04-15T09:40:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004754384"},"modified":"2025-04-15T01:40:58","modified_gmt":"2025-04-15T09:40:58","slug":"g3-enterprises-picks-up-chicago-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/g3-enterprises-picks-up-chicago-industrial-asset\/","title":{"rendered":"G3 Enterprises Picks Up Chicago Industrial Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004754385\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/g3-enterprises-picks-up-chicago-industrial-asset\/attachment\/11871\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"11871\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Exterior shot of an industrial building at 6220 W. 73rd St., in Bedford Park, Ill. Image courtesy f CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg\" alt=\"Exterior shot of an industrial building at 6220 W. 73rd St., in Bedford Park, Ill.\" class=\"wp-image-1004754385\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption class=\"wp-element-caption\">The warehouse at 6220 W. 73rd St. features ample vehicle and trailer parking. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>G3 Enterprises has acquired a 380,269-square-foot industrial facility in Bedford Park, Ill., according to CommercialEdge information. MDH Partners sold the asset for nearly $34.4 million.<\/p>\n\n\n\n<p>The asset previously changed hands in 2021, when MDH Partners bought it for $26.6 million from Link Logistics, the same source shows. It was part of an $83 million portfolio deal that included six Bedford Park buildings, representing the company\u2019s entrance into Illinois, according to <em>The Real Deal<\/em>.<\/p>\n\n\n\n<p>The one-story warehouse is on a 19-acre lot at 6220 W. 73rd St. in Chicago\u2019s Southwest Cook County submarket. It is close to Interstate 55 and provides easy access to Interstate 294, while being 16 miles from downtown Chicago and nearly 29 miles from Chicago O\u2019Hare International Airport.<\/p>\n\n\n\n<p>Completed in 1985, the Class B industrial building features clear heights between 24 and 28 feet, ample column spacing, sky lights, 29 dock-high doors and six grade-level doors. The rail-served property also has 38 vehicle parking spots and an ample truck court. Nexus Distribution occupies the facility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-chicago-s-affordable-industrial-prices\">Chicago&#8217;s affordable industrial prices<\/h2>\n\n\n\n<p>Chicago&#8217;s industrial sales volume amounted to $281 million as of February, ranking fourth among the top-performing markets in the U.S., according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/commercialedge-industrial-report-march-2025\/\">CommercialEdge report<\/a>. The metro outperformed Los Angeles ($252 million) and Phoenix ($162 million) despite posting an average sale price of $90 per square foot\u2014one of the most affordable in the country, way below the national average of $127 per square foot.<\/p>\n\n\n\n<p>In one of the larger deals, SL Industrial Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-industrial-partners-buys-chicagoland-light-industrial-portfolio\/\">acquired a 925,391-square-foot portfolio<\/a> of industrial flex space across three business parks. Stockbridge sold the assets for $76.4 million, CommercialEdge shows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This facility previously traded for $27 million.<\/p>\n","protected":false},"author":2991,"featured_media":1004754385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21748,21783,13,21742],"tags":[52591,51687],"class_list":["post-1004754384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-industrial","category-investment","category-midwest","category-latest","tag-g3-enterprises","tag-mdh-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>G3 Enterprises Picks Up Chicago Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"G3 Enterprises has acquired a industrial facility in Bedford Park, Ill., from MDH Partners, according to CommercialEdge data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/g3-enterprises-picks-up-chicago-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G3 Enterprises Picks Up Chicago Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"G3 Enterprises has acquired a industrial facility in Bedford Park, Ill., from MDH Partners, according to CommercialEdge data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/g3-enterprises-picks-up-chicago-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T09:40:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-15T09:40:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/11871-e1744642424187.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/g3-enterprises-picks-up-chicago-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/g3-enterprises-picks-up-chicago-industrial-asset\/\",\"name\":\"G3 Enterprises Picks Up Chicago Industrial Asset - 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